Carlyle Capital reports constructive talks with lenders

Mon Mar 10, 2008 9:50pm EDT
 
Email | Print | | Reprints | Single Page
[-] Text [+]

NEW YORK, March 10 (Reuters) - Carlyle Capital Corp Ltd CARC.AS, an affiliate of private equity firm Carlyle Group [CYL.UL], said on Monday that it is continuing talks with its lenders as it seeks a standstill agreement.

It said it believes certain lenders may have liquidated collateral securing $700 million more of Carlyle Capital's debt, bringing the total to around $5.7 billion.

Carlyle Capital said no creditors or shareholders have taken legal action against it. (Reporting by Ritsuko Ando, editing by Carol Bishopric)

 

Featured Broker sponsored link

Editor's Choice

Photo

A selection of our best photos from the past 24 hours.  View Slideshow 

Most Popular on Reuters

Photo
Bearing Witness
Reuters award-winning multimedia piece, reflecting five years of reporting the war in Iraq.